Yeah, Salem College does provide scholarships based on merit. Here are some of them:

The Robert E. Elberson Scholarship
Total Worth: Tuition and room and board including a semester of study abroad at Harlaxton College in Gratham, England
Eligibility: Tuition and room and board including a semester of study abroad at Harlaxton College in Gratham, England

The Kick scholarship
Total Worth: Tuition and room and board
Eligibility: Tuition and room and board

Full-tuition scholarships
Total Worth: Full Tuition
Eligibility: Full Tuition
Minimum Criteria: Based on superior academic performance and evidence of leadership, responsibility, and concern for others
Requirement for maintenance: Maintain a 3.0 GPA and remain a full-time resident student

They also provide other scholarships including Music Scholarship.